This information on Draper Real Estate and Homes for Sale for Oct, 08 is provided by Group1 for clients looking to buy or sell a home in the Salt Lake Valley in the near future.
The information is designed to provide timely and important Real Estate statistics to those looking to evaluate Real Estate trends about homes for sale, prices for Draper Homes/Condos, Homes listed in Draper UT, and an overview of distressed properties. IE: Bank Owned, HUD Homes, REOs, Homesteps, & Short Sales.
These housing statistics are compiled by the Wasatch Front Regional MLS, and are a composite of all the homes listed for sale by local Realtors.
The scope of this report is all of the homes for sale, and condominiums listed for sale in Draper UT. Assessments of other cities and towns along the Wasatch Front that make up the Salt Lake Market will be analysed in other reports..
While we believe the statistics, and assumptions in this report are accurate, it can not contain all of the homes for sale in Draper. New Homes in Draper (New Construction) like those projects by Ivory Homes, such as Bellevue, Valle Di Villa and Shadow Crest, or Condo & Town-home developments like Bella Monte or Sunset Ridge by Compass Development Group, using other promotional means and employing their own representation. ( read our page about "buying a new home").
The same is true with homes for sale by owner (FSBOs). Even though a high percentage of these houses are ultimately sold by Realtors most FSBOs do not list their house on the MLS.
DRAPER HOMES FOR SALE:
Total Listings of Draper UT, Homes For Sale:
- There are currently 692 single family homes for sale in Draper.
- 117 are Condominiums.
- 132 of those homes (18 condos) were listed w/in the last 30 days.
- In the last 30 days 21 homes were put under contract. (2 condominiums).
- Only 3 of the 32 single family homes sold and closed last month was a Condo.
October Home Sales In Draper:
- The median list price of Draper Utah homes listed last month was $399,500
- The median sales price of homes sold in Draper last month was $333,000
- This represents an 17% difference between asking price and sold price..
- The $104 per sq ft sales price was down only 19% from last years $129 per sq ft.
- The median house sold in Oct, was a 4 bdrm 3 bth.
- Median days on market of 143 increased three fold over last year.
Draper Foreclosures & Pre-foreclosures:
- Currently 123 homes for sale in Draper are distressed.IE: Bank Owned, HUD Home, Homesteps, Short Sales, or require third party approval for any transaction.
- That represents more than 17% of the homes for sale in Draper UT.
- About 7% of the foreclosed or pre foreclosed homes are condominiums.
- 26 of these problem houses were listed in the last 30 days.
- over the last 30 days 10 distressed homes were placed under contract.
- During that same time 10 foreclosed homes were sold and closed.
We hope you have found this report helpful in your home search and that you will look to Group1 as a trusted resource for all of your Real Estate needs.
To view the over 8000 Salt Lake homes for sale or the over 692 homes for sale in Draper mentioned in this report visit our website at Salt Lake Homes, you will have access to almost everything a Realtor would have to help you with your search for a house; pictures, maps, prices, terms and pertinent information. No registration is needed.
To look at all of the Bank Owned, Foreclosed or Short Sale Homes listed in one place check out Foreclosures. Come back often as we update daily and we offer the service at no charge.
Or you can call us @ 801-567-0946 to discuss this Information on Draper Real Estate & homes for Sale-Oct, 2008.
